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Cambodia continues to draw FDI despite loss of EBA with another four investment projects worth $37.6 million

The Council for The Development of Cambodia (CDC) has given The green light to four more investment projects with a total investment capital of $37.6 million. According to The council’s press release issued Friday, The projects newly approved are expected to create some 6,338 jobs ...

Phal Sophanith/AKP
https://www.khmertimeskh.com/50776597/cambodia-continues-to-draw-fdi-despite-loss-of-eba-with-another-four-investment-projects-worth-37-6-million/

Rubber prices could rise

Rubber prices on the global commodities market are expected to rise to $2,500 per ton due to the improved state of the world economy and efforts by four major rubber producing countries – Vietnam, Thailand, Indonesia and Malaysia – to cut back supply, according to ...

Sok Chan
http://www.khmertimeskh.com/news/32511/rubber-prices-could-rise/

Phone retailers ordered to pay tax on inventories

Following raids on phone shops selling grey-market devices last week, the government is giving retailers a two-week window to declare their stock of mobile phone handsets and pay the relevant taxes or face hefty fines.Many of the capital’s vendors have already received a notice from ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/phone-retailers-ordered-pay-tax-inventories

PM vows to continue promoting skills development for disabled

On the International Day of Persons with Disabilities, Cambodia reaffirmed its stance of promoting the development of people with disabilities and to ensure employment opportunities for them in the country, the region and the world. ...

Torn Vibol
https://www.khmertimeskh.com/501401273/pm-vows-to-continue-promoting-skills-development-for-disabled/

Ministry sets up team for exam complaints

A special team will be established to review high school students’ claims that they were unfairly graded in this month’s national examinations, the education minister has said.the announcement came as the Education Ministry said it had so far received more than 100 formal complaints from ...

Taing Vida
http://www.phnompenhpost.com/national/ministry-sets-team-exam-complaints

Cambodia’s tax revenue still on rise

In the first nine months of the year, Cambodia’s tax revenue increased more than 17.3 per cent from the corresponding period in 2012, data from the General Department of Taxation show. Total tax revenue rose to $678.1 million from $578 million. ...

May Kunmakara
http://www.phnompenhpost.com/business/cambodia%E2%80%99s-tax-revenue-still-rise

Cambodia tourist target under challenge

A Cambodian plan to attract 5 million tourists to the country in 2015 is hanging in the balance despite a rise in the first half of this year. Cambodia set 5 million tourists as the target this year, an increase from 4.5 million last year. ...

Bangkok Post News Staff
http://www.bangkokpost.com/news/asean/654708/cambodia-tourist-target-under-challenge

UAE firm sets sight on oil in Kingdom

Mubadala Petroleum, one of the UAE’s largest oil and gas companies, is looking for investment opportunities in the Cambodian oil sector, said a senior official at the Ministry of Mines and Energy. Mubadala Petroleum CEO Mazin al-Lamki expressed interest in investing in Cambodia’s oil sector ...

Thou Vireak
https://www.phnompenhpost.com/business/uae-firm-sets-sight-oil-kingdom

Hydroponic farming to be tested in Cambodia

Japanese company Asian Gateway (Cambodia) will soon conduct a pilot project with a hydroponic farm in Cambodia. It will be tested at the Royal University of Agriculture (Chamkar Dong campus) in the first stage and after that will be used as a model for farmers and ...

Sok Chan
http://www.khmertimeskh.com/5079873/hydroponic-farming-tested-cambodia/

Draft consumer law completed

The Ministry of Commerce has finished The draft consumer protection law and will soon submit it to The Council of Ministers, according to a senior government official.​ ...

Chea Vannak
http://www.khmertimeskh.com/news/34241/draft-consumer-law-completed/

Expert warns CPP, CNRP maps cede territory to Vietnam

The head of a research team investigating The demarcation of Cambodia’s borders yesterday called for changes to The Kingdom’s constitution to avoid losing land to Vietnam. ...

Buth Reaksmey Kongkea
http://www.phnompenhpost.com/post-weekend/expert-warns-cpp-cnrp-maps-cede-territory-vietnam

Garment makers pool their resources

The Garment Manufacturers’ Association of Cambodia (GMAC) yesterday officially launched The GMAC Human Resources Club to build a knowledge bank, share information, experience and expertise to improve The industry. ...

May Kunmakara
http://www.khmertimeskh.com/news/39784/garment-makers-pool-their-resources/

New business activity ongoing despite Coronavirus challenges

Five new factories worth $20.5 million have been approved to be established this month, according to the Council for the Development of Cambodia (CDC). the CDC’s investment committee issued a registration certificate to the companies operating the factories on April 13. About 3,700 jobs are ...

Brian Badzmierowski
https://www.khmertimeskh.com/50840963/new-business-activity-ongoing-despite-coronavirus-challenges/

Cambodia agrees agro-industrial framework

The government has agreed to a new framework to increase The competitiveness of its agricultural sector in line with The recently launched Industrial Development Policy, state news agency AKP reported on Monday. ...

Chan Muyhong
http://www.phnompenhpost.com/business/cambodia-agrees-agro-industrial-framework

Climate change ‘leadership needed’

Senior officials from the Environment Ministry have called on the developed world to provide more assistance in the battle against climate change, which they said Cambodia is working hard to address. ...

Pech Sotheary
http://www.phnompenhpost.com/national/climate-change-leadership-needed

Tax, customs revenue hits $1.68B this year

Cambodia collected some $1.68 billion in revenue from customs and taxation during the first three months of this year, said Prime Minister Hun Sen. Speaking recently at the 18th Government-Private Sector Forum, he said revenue from the Kingdom’s customs fees accounted for about $668 million ...

Hor Kimsay
https://www.phnompenhpost.com/business/tax-customs-revenue-hits-168b-year

Ministry puts brakes on Pailin dump plans

The Ministry of Environment has called on local authorities in Pailin province to find a new location for a 34-hectare dumpsite currently planned for a protected forest.Environment Minister Say Sam Al, who led a team to inspect The site on October 3, wrote to Pailin ...

Phak Seangly
http://www.phnompenhpost.com/national/ministry-puts-brakes-pailin-dump-plans

Ministers meet again to send workers to Malaysia

The Labour Minister led a delegation to visit Malaysia last week to discuss sending migrant labourers and maids There with The country’s Minister of Human Resources. The Ministry of Labour issued a statement on Friday saying that Labour Minister Ith Samheng met with Human Resources Minister ...

Mom Kunthear
http://www.khmertimeskh.com/50108042/ministers-meet-send-workers-malaysia/

ASEAN countries extend foreigners’ leasehold periods

Countries of the Association of Southeast Asian Nations (ASEAN) are taking steps to extend leasehold periods granted for foreign individual or companies for land in a bid to boost investment. the Thai government recently approved 99-year leases for state land for industrial and commercial use ...

Gulf Times News Staff
http://bit.ly/1SXnPEe

Tax income collection accounts for 44% of yearly plan as of April

The General Department of Taxation (GDT) at The Ministry of Economy and Finance collected almost $ 1.6 billion as tax income in The first four months of this year, accounting for 44 percent of The yearly target. ...

Khmer Times Staff
https://www.khmertimeskh.com/501293298/tax-income-collection-accounts-for-44-of-yearly-plan-as-of-april/

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